Contour Enthusiasts Group Archives Forums General Common Interests Whats gas prices in Euro?

If they were paying $4 a liter should'n they are paying $ 8 -10 now?

No.

Their prices are mostly taxes, ours is mostly the cost of the oil.

To give a rough example:

If you're paying $1.50 and it's $1.00 in gas and $0.50 in taxes, and the cost of the gas itself doubles (to $2.00/gallon), you go up to a total of $2.50/gallon. -- a good 75% increase in price.

If you're paying $4.00 and it's $1.00 in gas and $3.00 in taxes, and the cost of the gas itself doubles, you go up to a total of $5.00/gallon -- only a 25% increase in price.

It's one of the reasons why people in Europe don't see quite what the fuss is about. Their high taxes shelter them from the psychological and budgetary impact of a doubling fuel cost. The rising fuel costs are hidden amongst all the taxes.

Not really, because they don't have refinery, supply, and demand issues like we do.

Here in the USA:
Refineries - some shut down means....
Supply - low
Demand - people going crazy like it's the end of the world

Got back from Europe about a week ago, was there for two months, traveled to about 5 countries and prices ranged anywhere from E.99-1.30 . Prices WERE going up the last 3 weeks I was there, and they shot up about 5% today.

Either way, I know I paid E1.31 per liter right outside of Amsterdam, which translates to right at $6 per gallon.

Of course, Europeans pay 55-65% in taxes per liter, so the buy price before taxes is almost identical to the US.

-J